Lithium-Ion Battery Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis

The lithium-ion battery market was estimated at USD 47.83 billion in 2022 and is likely to grow at a CAGR of 15.19% during 2023-2028 to reach USD 111.79 billion in 2028. The major demand for lithium-ion batteries is mainly driven by the increasing demand for consumer electronic products, which is bolstering the growth of the market.